Stephen Roach on how Beijing can right its economic course and the US’ big China ‘blunder’

Quick Summary:

Economist Stephen Roach talks China’s third plenum, its long-term growth prospects and why efforts to limit its green tech development are hypocritical.

But if the International Monetary Fund’s forecast is to be believed, by the end of the 2020s, India and China will almost be on par in terms of their contributions to world GDP growth.

So it is not as if China has lost its role as the dominant source of global growth to the upstart Indian economy.

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Article Details

Author / Journalist: Kinling Lo

Category: Business

Markets: Hong KongAfghanistanChinaIndiaJapanNorth KoreaPhilippinesTaiwan

Topics: Years Third Economic Growth World Economy Been Chinese China’s Cent China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 06:00:17 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 3638 words

Reading Time: 21 minutes read

Sentences: 161 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21615842

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